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MichaelMF

SPY- The future

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
MichaelMF  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance Moving Averages
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supportandresistance movingaverage
Everyone has been focused of course on the "death cross". Obviously a more bearish indicator SPY will possibly see that in the next week. Right now the support around 264 is fairly strong and has prevented worse from occurring. MACD shows us that next week we will more than likely be seeing red as well. I am personally short on this position. I do expect that we could potentially see a dead cat occur here off the support, however, I'm not sold on that.

-MACD
-Death Cross
-RSI in a position to continue downward momentum without hitting oversold.
Penafian

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